Planning ensures measures to bring monthly inflation below 1 per cent

The Secretary of State for Planning Milton Reis said Thursday in Luanda that the Executive is working to take measures that will allow to achieve a monthly inflation below 1%, as it was until May.

Speaking at the usual briefing of the Ministry of Economy and Planning (MEP), Milton Reis said that the measures to address these issues affecting citizens will be announced by the Government in due course.

INE data put the year-on-year change at 11.25%, reporting a decrease of 11.71 percentage points compared to the same period last year (June 2022).

INE says that comparing the current year-on-year change with that recorded in the previous month, there is an acceleration of 0.63 percentage points.

Between June 2022 and June 2023, there was an acceleration in the variation of 0.57 percentage points.

According to the IPCN, the provinces with the lowest price variation were Cabinda with 0.90%, Lunda Sul (0.92%) and Moxico (0.94%).

The provinces that registered the highest price variation were Luanda with 1.69%, Lunda Norte with 1.50% and Namibe with 1.35%.

As for the increase in prices, the data show that the “Transport” class was the one that registered the highest price increase, with a variation of 2.71%.

Source: Angola Press News Agency (APNA)